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SPX500 29th October, 2010

Elliott Wave chart analysis for the SPX500 for 29th October, 2010. Please click on the charts below to enlarge. Main Wave Count. The S&P has moved mostly sideways all week and we do not have confirmation yet of a high in place. I have redrawn the trend channel...

SPX500 28th October, 2010

Elliott Wave chart analysis for the SPX500 for 28th October, 2010. Please click on the charts below to enlarge. We still have two wave counts for the S&P. Downwards movement has again found resistance at the lower trend line for wave C pink. While price remains...

SPX500 27th October, 2010

Elliott Wave chart analysis for the SPX500 for 27th October, 2010. Please click on the charts below to enlarge. The S&P remains within the trend channel containing wave C pink. Until we have confirmation of a trend change, with a breach of this trend channel, we...

SPX500 26th October, 2010

Elliott Wave chart analysis for the SPX500 for 26th October, 2010. Please click on the charts below to enlarge. We still have two wave counts today. We do not have confirmation on the S&P of a trend change yet. However, the pound and euro have confirmed trend...

SPX500 25th October, 2010

Elliott Wave chart analysis for the SPX500 for 25th October, 2010. Please click on the charts below to enlarge. Again, we have two wave counts. Although I like less the subdivisions for recent movement on the 15 minute chart, for the alternate wave count, the Dow has...

SPX500 22nd October, 2010

Elliott Wave chart analysis for the SPX500 for 22nd October, 2010. Please click on the charts below to enlarge. We still have two wave counts to end the trading week. Both are technically valid. Main Wave Count We are still expecting a little more upwards movement to...

SPX500 21st October, 2010

Elliott Wave chart analysis for the SPX500 for 21st October, 2010. Please click on the charts below to enlarge. I have two wave counts again for you today. We should use confirmation and invalidation points to work with these today. I expect the S&P is still in...

SPX500 20th October, 2010

Elliott Wave chart analysis for the SPX500 for 20th October, 2010. Please click on the charts below to enlarge. After hours movement has invalidated the main wave count with a very slightly new high. At the time of this analysis the new high was 1,185.6. I have...

SPX500 19th October, 2010

Elliott Wave chart analysis for the SPX500 for 19th October, 2010. Please click on the charts below to enlarge. Today I still have two wave counts for you. Today’s main wave count expects we have seen a minor degree trend change. The alternate wave count is...